Cuban project returns gold values
Drilling on the Golden Hill discovery in east-central Cuba has returned gold values in both oxide and sulphide material.Partners MacDonald Mines Exploration (ASE), Golden Hill Mining (CDN) and GeoMine…
News
Carson drill-tests copper-gold in Philippines
Carson Gold (VSE) reports having spent US$740,000 in 1995 drill-testing the Marian copper-gold project in the Philippines.The project, situated on Central Luzon Island, was subjected to 11 holes total…
Royal Oak hopes to reel in permits for Kemess South
Now that the fate of nine fish appears no longer to be in jeopardy, Royal Oak Mines can proceed with development of its Kemess South copper-gold project in north-central British Columbia, amongst othe…
Battle looms for control of Sutton
A showdown between management of Sutton Resources (VSE) and Barbara and James Sinclair is set for April 11.The Sinclairs, who hold 1.8 million of Sutton’s 10.4 million outstanding shares, requested a …
Bakyrchik turns to Friedland for cash
Rather than issue more shares, and thereby dilute shareholder equity, management at London-based Bakyrchik Gold has sought a partner for the continued development of the Bakyrchik deposit in Kazakhsta…
Milestone set in Canadian shipping
A new milestone in Canadian Arctic shipping was set in late December, 1995, when an ice-breaking vessel delivered a cargo of petroleum products to Deception Bay. The cargo was delivered to Falconbridg…
Aquaterre expands in Nevada
By acquiring three mineral leases, Aquaterre Mineral Development (VSE) has increased its holdings in Nevada to more than 6,500 acres.The company expanded its HCS gold project by gaining the exclusive …
Silver Standard Resources expands into Russia
The acquisition of a 35% interest in Geolog, a privately held joint stock company in Russia, will expand the silver assets of Silver Standard Resources (TSE).Geolog owns the Lunnoe and Arylach silver …
Obituary — Peter Gledhill
Peter Alexander Gledhill, a Toronto-born geophysicist with the Botswana Geological Survey, has died. He was 36.Mr. Gledhill graduated from Queen’s University in 1983 with a B.Sc. in engineering physic…
Orvana plans to raise funds for Bolivian property purchase
Taking advantage of strong gold markets, Orvana Minerals (TSE) plans to raise $16.6 million to finance its purchase of the Don Mario project in Bolivia.The company will issue 3.3 million special warra…
Armistice defines gold zones at property in Virginiatown, Ont.
Drilling is virtually complete at the Virginiatown, Ont., gold property of Armistice Resources (ME).The 20,000-ft. program defined the extent and configuration of the 100N, 185N and 260N gold zones, a…
Program planned for Prosperity
A loan from a private company associated with Robert Dickinson, president of Taseko Mines (VSE), will provide $1 million in interim financing for the company’s Prosperity gold-copper project in centra…